Crete’s electricity market has successfully participated in the target model since October 31, without interruption, when a hybrid model for the commercial operation of the island’s small-scale grid interconnection to the Peloponnese was launched.

Power grid operator IPTO has taken on management of Crete’s grid supply since the commercial launch of the small-scale grid interconnection with the Peloponnese, established ahead of a full-scale link to reach Athens.

According to the operator’s electricity distribution plan, daily loads totaling 1.89, 1.25 and 1.38 MWh have passed through the grid link, into Crete, since November 1, covering the island’s energy needs at proportions measuring 22.5, 15.7 and 17.8 percent, respectively.

The hybrid model’s launch for Crete is expected to add an annual cost of at least 100 million euros to the RES special account for remuneration of producers on Crete.